What is the prospective franchisee instructed to do with the Counselor Realty Franchise Disclosure Document and all agreements?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
in the Company's financial statements.
22. CONTRACTS
A sample of Counselor's Franchise Agreement is included in this Franchise Disclosure Document at Exhibit B. You are encouraged to obtain such independent legal and financial advice as you deem appropriate to obtain a full understanding of the franchise (and related documents) offered by this Franchise Disclosure Document. You should consult your own business or legal advisor for an explanation of your legal rights under applicable laws and regulations. You may not make any payment to Counselor or sign any contract(s) relating to this franchise until fourteen (14) calendar days after you sign the Acknowledgements of Receipt at the back of this Franchise Disclosure Document. You should also refrain from taking any other action or making any commitments in regard to a Counselor franchise until and unless you are notified in writing by Counselor that your application for a franchise has been approved and that an Counselor franchise has been issued in your name.
CAUTION
ANY FACT, INFORMATION, PROMISE, ASSURANCE, REPRESENTATION OR CIRCUMSTANCE COMMUNICATED TO YOU THAT IS NOT CONTAINED IN THE ATTACHED AGREEMENT OR THIS FRANCHISE DISCLOSURE DOCUMENT IS UNAUTHORIZED BY COUNSELOR AND SHOULD NOT BE RELIED UPON BY YOU IN DECIDING WHETHER TO PURCHASE A COUNSELOR FRANCHISE.
EXHIBIT B
FRANCHISE AGREEMENT
COUNSELOR FRANCHISE AGREEMENT
| FRANCHISEE BUSINESS NAME: | |
|---|---|
| OFFICE ADDRESS: | |
| OFFICE OPENING DATE: |
TABLE OF CONTENTS
| Page | ||||||
|---|---|---|---|---|---|---|
| 1. | FRAI | NCHISE | 1 | |||
| 1.1 | Grant | 1 | ||||
| 1.2 | Site Selection | 2 | ||||
| 1.3 | Territory | 2 | ||||
| 2. | ACC | EPTANCE OF FRANCHISE | 3 | |||
| 2.1 | Acceptance | 3 | ||||
| 2.2 | Acknowledgments | 3 | ||||
| 3. | TERI | M | 4 | |||
| 3.1 | Term | 4 | ||||
| 3.2 | Successor Franchise | 4 | ||||
| 4. |
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, prospective franchisees are advised to carefully read the Franchise Disclosure Document and all agreements. The document summarizes certain provisions of the franchise agreement and other information. Franchisees are also instructed to sign and return a copy of the agreement to indicate acceptance, representing that they are authorized to execute the agreement.
Counselor Realty also encourages prospective franchisees to seek independent legal and financial advice to fully understand the franchise and related documents. They should consult their own business or legal advisor for an explanation of their legal rights under applicable laws and regulations.
Furthermore, the disclosure document includes a page that must be signed by an officer of a corporation, the general partner(s) of a partnership, or any individual receiving a copy of the franchise disclosure document and must be returned immediately to Counselor Realty Franchising, Inc. at their Coon Rapids, Minnesota address.